Forex market runs on sports and resistance levels, if you want to be a good trader, always trade keeping sports and resistance levels in mind. Similarly, if we look at the fundamental analysis, the forex in the world keeps going up and down due to the ups and downs of any country's economy, political conditions of that country, country conditions, unemployment, and turbulence, for example, if there is a flood in a country, or an earthquake, or a fire, all these things affect the forex market.
As we saw today Gold hit 1726.00, according to our previous forecast. Now Gold next target is 1730.00 to 1740.00, and support level is 1710.00 or 1715.00 in this range Gold traders can buy it. 1715.00 to 1730.00 will be a short trend of Gold, after hitting 1730.00, Gold next target will be 1740 to 1755.00. While Gold high resistance level is 1800.00.
Alternative Scenario:
Alternative Scenario: If Gold remains fail to break 1730.00 then it may be go down towards 1700.00 or 1695.00
Our suggestion is to buy Gold above 1710 anywhere with target of 1730.00
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